LITECOIN - LTC/USDT - 1H - Technical analysis published on 04/27/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 89.88 USDT
My targets
87.16 USDT (-1.51%)
84.57 USDT (-4.44%)
My analysis
LITECOIN - LTC/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 89.88 USDT. The next support located at 87.16 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 84.57 USDT. Below this support, sellers could then target 80.19 USDT.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.6
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Additional analysis
Quotes
The LITECOIN - LTC/USDT price is 88.50 USDT. The price has increased by +0.42% since the last closing and was between 87.90 USDT and 90.63 USDT. This implies that the price is at +0.68% from its lowest and at -2.35% from its highest.87.90
90.63
88.50
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by LITECOIN - LTC/USDT:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this LITECOIN - LTC/USDT chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 80.19 | 84.57 | 87.16 | 88.50 | 89.88 | 93.39 | 97.77 |
| Change (%) | -9.39% | -4.44% | -1.51% | - | +1.56% | +5.53% | +10.47% |
| Change | -8.31 | -3.93 | -1.34 | - | +1.38 | +4.89 | +9.27 |
| Level | Intermediate | Minor | Intermediate | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 74.46 | 79.52 | 83.83 | 88.89 | 93.20 | 98.26 | 102.57 |
| Camarilla | 85.55 | 86.41 | 87.27 | 88.13 | 88.99 | 89.85 | 90.71 |
| Woodie | 74.08 | 79.33 | 83.45 | 88.70 | 92.82 | 98.07 | 102.19 |
| Fibonacci | 79.52 | 83.10 | 85.31 | 88.89 | 92.47 | 94.68 | 98.26 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 61.37 | 72.96 | 79.99 | 91.58 | 98.61 | 110.20 | 117.23 |
| Camarilla | 81.89 | 83.60 | 85.30 | 87.01 | 88.72 | 90.42 | 92.13 |
| Woodie | 59.08 | 71.82 | 77.70 | 90.44 | 96.32 | 109.06 | 114.94 |
| Fibonacci | 72.96 | 80.08 | 84.47 | 91.58 | 98.70 | 103.09 | 110.20 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 40.34 | 52.72 | 71.15 | 83.53 | 101.96 | 114.34 | 132.77 |
| Camarilla | 81.10 | 83.92 | 86.75 | 89.57 | 92.39 | 95.22 | 98.04 |
| Woodie | 43.36 | 54.23 | 74.17 | 85.04 | 104.98 | 115.85 | 135.79 |
| Fibonacci | 52.72 | 64.49 | 71.76 | 83.53 | 95.30 | 102.57 | 114.34 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 42.20 | |
| MACD (12,26,9): | -0.5100 | |
| Directional Movement: | -9.33 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 88.52 | |
| Parabolic SAR (0,02-0,02-0,2): | 89.58 | |
| Elder Ray (13): | -0.64 | |
| Super Trend (3,10): | 90.89 | |
| Zig ZAG (10): | 88.18 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 39.33 | |
| TEMA (21): | 88.08 | |
| Williams %R (14): | -79.17 | |
| Chande Momentum Oscillator (20): | 0.22 | |
| Repulse (5,40,3): | -0.2700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 1.41 |
| MA7: | 87.85 | |
| MA20: | 92.20 | |
| MA50: | 88.47 | |
| MA100: | 90.40 | |
| MAexp7: | 88.63 | |
| MAexp20: | 89.12 | |
| MAexp50: | 89.41 | |
| MAexp100: | 89.37 | |
| Price / MA7: | +0.74% | |
| Price / MA20: | -4.01% | |
| Price / MA50: | +0.03% | |
| Price / MA100: | -2.10% | |
| Price / MAexp7: | -0.15% | |
| Price / MAexp20: | -0.70% | |
| Price / MAexp50: | -1.02% | |
| Price / MAexp100: | -0.97% |
Quotes :
-
Real time data
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Cryptocompare
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